A-3.001, r. 7 - Regulation respecting financing

Section 176 Disposition versions

2012-09-01

176. A successor commencing its activities following a transaction qualifies for a personalized rate for the year in which that transaction takes place if the predecessor qualified, for that year, for such a rate pursuant to Chapter II. The first- and second-level risk indices used, where applicable, to fix the personalized rate are those that applied to the predecessor on the date on which the transaction took place.

For subsequent years, the successor’s qualification for a personalized rate, as well as its first- and second-level risk indices, are determined in accordance with Chapter II by adding the predecessor’s actual and expected experience for any period prior to the date on which the transaction took place falling within in the first- and second-level reference periods. However, where a predecessor was party to an agreement referred to in Division IV of Chapter II, its actual and expected experience include, for the period commencing on the date on which the transaction took place and ending at the end of the year in which it took place, the actual and expected experience of the prevention mutual group to which it belonged for that year.

Decision 2010-11-18, s. 176.